On 17 May 2023, Ecuadorian President Guillermo Lasso signed Decree-Law No. 742 for the Strengthening of the Family Economy. Among other things, the Decree-Law provides revised individual income tax brackets and rates that apply for 2023 as follows:

• USD 0 to 11,722 - 0%
• USD 11,722 to 14,930 - 5%
• USD 14,930 to 19,385 - 10%
• USD 19,385 to 25,638 - 12%
• USD 25,638 to 33,738 - 15%
• USD 33,738 to 44,72…